What happens if it just doesn't work....

[Rantor]

Early days and all that, but it doesn't seem to have unblocked things much so far

If they all sit on their cash and just roll over their own debt obligations with government bail-out funds, what happens? Can the system self-destruct eventually?

[DimPrawn]

Early days and all that, but it doesn't seem to have unblocked things much so far

If they all sit on their cash and just roll over their own debt obligations with government bail-out funds, what happens? Can the system self-destruct eventually?

It's not an if but a when. The bail-outs won't work, and never will, but that won't stop New Labour winning the next election and then presenting every tax payer with a £50K tax bill to cover the losses.

[Rantor]

It's not an if but a when. The bail-outs won't work, and never will, but that won't stop New Labour winning the next election and then presenting every tax payer with a £50K tax bill to cover the losses.

But it is everywhere, all national governments are blasting away with both barrels and they seem to be running out of ammo. Can the 'market' really kill itself?

[Cyberman]

It's not an if but a when. The bail-outs won't work, and never will, but that won't stop New Labour winning the next election and then presenting every tax payer with a £50K tax bill to cover the losses.

These 'bail-outs' are effectively loans and will be repaid in due course, but it may take many years. HMG will make a profit on the shares and is earning interest all of the time. Bail-out really is the wrong phrase and is emotive media-speak.

If New Lie win the next election then we are all in trouble.

[BrilloPad]

But it is everywhere, all national governments are blasting away with both barrels and they seem to be running out of ammo. Can the 'market' really kill itself?

No - but it is going to take a long while for the excesses to work through the system.

New laws should be passed stopping anyone (globally) from borrowing more than three times their salary - and only 75% of the asset value.....

[DimPrawn]

New laws should be passed stopping anyone (globally) from borrowing more than three times their salary - and only 75% of the asset value.....

Atw, is that you?

[BrilloPad]

Atw, is that you?

yes - I did think that after my post. Though I think atw would either go for 1* salary and 50% - or all property is theft.

[rootsnall]

It's not an if but a when. The bail-outs won't work, and never will, but that won't stop New Labour winning the next election and then presenting every tax payer with a £50K tax bill to cover the losses.

Whether it works or not, top end property prices in Swindon will not be effected.

[Rantor]

yes - I did think that after my post. Though I think atw would either go for 1* salary and 50% - or all property is theft.

Well if recent events don't qualify as a classic Crisis In Capitalism, I'm not sure what would.

I saw newsnight a few days ago and Geofrrey Robinson joked about labour finally implementing their 1983 manifesto - that's sleeper agents for you

[Old Greg]

I think we may be at the end of Reaganite / Thatcherite free market laissez-faire capitalism. Not sure where we'll go next, but possibly back to post-war Keynesian economics.